Soros hires Roditi for Quasar fund

By

Mike Foster

February 16, 1998 5:00 p.m. GMT

The price paid for shares in George Soros' Quasar hedge fund has soared following the arrival of Nick Roditi as manager, in place of David Gerstenhaber.

It coincides, however, with a sharp fall in the price of Soros' $5bn master fund Quantum, in the wake of Asian turmoil. In addition, Soros' respected European expert Ivan Brieury is said to have left his side. Quasar is a $1.8bn fund which has traditionally hired external managers to...